Inspire Investing LLC Invests $382,000 in Fluence Energy, Inc. $FLNC

Key Points

• Inspire Investing LLC has invested $382,000 in Fluence Energy, Inc. by acquiring 56,877 shares, as noted in its recent 13F filing.
• Fluence Energy reported a year-over-year revenue increase of 24.7%, with quarterly earnings surpassing analyst expectations by $0.03.
• Institutional investors now own 53.16% of Fluence Energy's stock, reflecting a growing interest in the company's energy storage solutions.

Inspire Investing LLC purchased a new position in Fluence Energy, Inc. (NASDAQ:FLNC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 56,877 shares of the company's stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FLNC. SG Americas Securities LLC lifted its position in shares of Fluence Energy by 101.7% in the 1st quarter. SG Americas Securities LLC now owns 98,621 shares of the company's stock worth $478,000 after purchasing an additional 49,738 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Fluence Energy in the 1st quarter worth approximately $128,000. Janney Montgomery Scott LLC acquired a new position in shares of Fluence Energy in the 1st quarter worth approximately $403,000. Canal Insurance CO lifted its position in shares of Fluence Energy by 66.7% in the 1st quarter. Canal Insurance CO now owns 500,000 shares of the company's stock worth $2,425,000 after purchasing an additional 200,000 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Fluence Energy by 54.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 38,005 shares of the company's stock worth $184,000 after purchasing an additional 13,427 shares during the period. Institutional investors and hedge funds own 53.16% of the company's stock.

Fluence Energy Stock Performance

FLNC opened at $19.58 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.06 and a debt-to-equity ratio of 0.75. The company's fifty day moving average price is $9.98 and its two-hundred day moving average price is $7.28. Fluence Energy, Inc. has a 1-year low of $3.46 and a 1-year high of $24.00. The company has a market cap of $3.57 billion, a price-to-earnings ratio of -93.24 and a beta of 2.76.

Fluence Energy (NASDAQ:FLNC - Get Free Report) last released its quarterly earnings data on Monday, August 11th. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.03. Fluence Energy had a negative net margin of 0.76% and a negative return on equity of 3.42%. The firm had revenue of $602.53 million for the quarter, compared to the consensus estimate of $738.52 million. The business's revenue was up 24.7% on a year-over-year basis. Fluence Energy has set its FY 2025 guidance at EPS. On average, analysts expect that Fluence Energy, Inc. will post 0.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Fluence Energy in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Fluence Energy from a "sell" rating to a "hold" rating in a research note on Saturday, October 11th. The Goldman Sachs Group lifted their price objective on shares of Fluence Energy from $10.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Hsbc Global Res lowered shares of Fluence Energy from a "hold" rating to a "moderate sell" rating in a research note on Wednesday, August 13th. Finally, Barclays set a $13.00 price objective on shares of Fluence Energy in a research note on Tuesday, October 7th. Four research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Fluence Energy has a consensus rating of "Hold" and an average target price of $9.33.

Fluence Energy Company Profile

Fluence Energy, Inc, through its subsidiaries, offers energy storage products and solution, services, and artificial intelligence enabled software-as-a-service products for renewables and storage applications in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company sells energy storage products with integrated hardware, software, and digital intelligence.

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